DUBAI: Concern over debts at Dubai’s utility provider and losses at Nakheel, builder of the emirate’s palm-shaped islands, hit markets on Wednesday, drowning out assurances by top officials that Gulf economies were sound.
The Dubai debt …

Fresh fears about Dubai’s ability to resolve its huge debt mountain returned to global stock markets today as shares across America, London and Europe tumbled.
In America, the leading Dow Jones industrial index, fell …

The Government of Dubai is capable of honouring and meeting its commitments internally and externally, a senior Dubai Government official affirmed yesterday.
Abdul Rahman Al Saleh, Director-General of Dubai Finance Department, termed the Dubai World restructuring …

Dubai World’s six biggest lending banks have begun talks with the ailing state-owned group before a crunch creditors’ meeting that is scheduled for December 21.
Four British-listed banks — HSBC, Royal Bank of Scotland, Lloyds Banking …

Dec. 3 (Bloomberg) — A Dubai-government owned company will buy cargo and ground handling operations at London’s Heathrow airport, a week after the emirate announced it would seek to restructure the debt of Dubai World.
Dnata, …

LONDON — Europe’s main stock markets recovered further on Thursday, boosted by rallying banking shares as concerns about Dubai’s debt crisis eased, analysts said.
In late morning European deals, London’s benchmark FTSE 100 index was up …

Qatari stocks tumbled 8.27% yesterday amid worries the country could be exposed to the Dubai debt crisis.
On the first day of trading after the Dubai debt crisis, Qatari shares lost 595 points to close at …

The debt crisis in Dubai is about to test one of the fastest-growing areas in banking, Islamic finance, and put the city-state’s opaque judicial system on trial, according to bankers and experts in finance.
Many loans …

Not only have several Dubai developers taken large deposits and folded or vanished with the money over the last few months but now the Sheikh himself cannot afford to support his property development vehicle, Dubai …

Nov. 30 (Bloomberg) — Dubai’s government said it hasn’t guaranteed the debt of Dubai World, the state-controlled holding company struggling with $59 billion in liabilities, and that creditors must help it restructure.
“It is correct that …